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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 20, 1973
Page
5
Debtors can keep basic assets like a home valued under 15000 equity and a car if needed for work. Judges note bankruptcy can be a fresh start with credit restored after six years. The article traces bankruptcy from 1542 English laws through 1800 1841 1867 and 1898 acts to the Chandler Act of 1938.
The agriculture sector is projected to lift the U S trade balance to about 10 billion dollars in 1973 74, nearly doubling last year’s 5 6 billion. Farm exports are expected at a record 19 billion, up 46 percent from 13 billion, driven mainly by higher prices rather than volume.
A reader questions a health club offer of 16 free sessions to the first three adults. The club later denies the prize, citing students as non adults, but the reader can enforce the claim legally. Also notes textile shortages may raise linens and towels costs by 20 percent by late summer.
The Dow Jones average slipped 0.77 to 828.80 and the S&P 500 eased to 94.76 as declines led advances 726 to 680 among 1,814 issues. Trading was moderately active with four hours totaling 12.61 million shares, below Wednesday's 13.12 million.
Readable segments show varied prices on many shares with notable activity across Acme, Admiral, Aetna, Ampex, Boeing and Coca Cola among others. Investors tracked Last values and daily changes as listings moved in a fluctuating session on the New York Stock Exchange.
Bache & Co quotes rational men may not grasp market irrationality yet urge purchases. They say the Dow Jones Industrial Average has reached 788 and expect a broadening upturn as momentum returns after a panic decline.
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